Dinesh (28) was on Sunday driving towards Haryana in a SUV when his vehicle was stopped and on searching, a bag containing Rs 49,96,000 was found, a senior police officer said.

Dinesh told police that he works as a driver for Pitampura resident Anuj Gupta, who is into finance and property dealing, and it was his employer’s money that he was carrying, he said.

Delhi Police has seized over Rs 49 lakh in old high-value currency notes from a man, who was taking the money to Haryana, on Tikri border in west Delhi. Dinesh (28) was on Sunday driving towards Haryana in a SUV when his vehicle was stopped and on searching, a bag containing Rs 49,96,000 was found, a senior police officer said.

“We received a tip-off about a man going towards Jhajjar with a high amount of demonetised currency notes. Dinesh was detained around noon at the Tikri border with the money,” the officer said.

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Dinesh told police that he works as a driver for Pitampura resident Anuj Gupta, who is into finance and property dealing, and it was his employer’s money that he was carrying, he said.

It is suspected that Gupta had either given Dinesh the money to get it exchanged for new notes or to make a payment to someone in Haryana, he added. The money has been seized and the IT Department informed. Further investigation is underway.

On November 18, Nazer-e-Alam, a resident of Gorakhpur, was arrested with Rs 96 lakh in old currency notes of Rs 1,000 denominations. He was carrying a bag with Rs 96 lakh and couldn’t offer any satisfactory explanation for possessing such a huge amount of cash.

On November 17, police had seized 500 demonetised notes of Rs 1,000 denominations from an employee of a West Bengal-based firm, onboard Sealdah-Delhi Rajdhani train. Police had detained a paediatrician with Rs 69,86,000 in Rs 100 denominations in central Delhi’s Paharganj area on November 16.